TAMAN MURAI JAYA in Seberang Perai Selatan, Penang recorded 10 subsale transactions in 2022, with a median price of RM 73K and a median price per square foot (PSF) of RM 134.
This area consists exclusively of residential properties, with no commercial listings recorded.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 73K, with most transactions falling within a stable range of RM 600K to RM 123K, and a typical market range of RM 600K to RM 222K.
Most transactions involved low-cost flat, with high diversity across multiple property types.
For price per square foot, the median is RM 134, with most transactions between RM 121 and RM 147. The usual range is RM 71.00 to RM 196.00, showing that most units are priced quite close to each other. With an IQR of RM 125.00 and MAD of RM 13, the PSF demonstrates reasonable consistency across the market.
While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.
